In this episode of Future is Blue, we explore the challenges facing the EU’s industrial production and trade relationships in an increasingly fragmented global economy. Joined by Aslak Berg, Research Fellow at the Center for European Reform, and Miguel Ángel González Simón, economist at Funcas, we discuss Europe’s vulnerabilities, from energy dependence and export reliance to the diverging trajectories of Germany and Spain. The conversation also delves into the EU’s critical trade relationships with the U.S. and China, highlighting strategic risks and opportunities, and concludes with actionable insights on how the EU can adapt through diversification, domestic investment, and deeper integration.